McGraw Hill, Inc. (MH)

Revenue Breakdown

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
K-12 Revenue	899.10M	970.48M	904.86M
K-12 Revenue Growth	-7.36%	7.25%	-5.55%
Higher Education Revenue	874.82M	782.61M	702.19M
Higher Education Revenue Growth	11.78%	11.45%	7.34%
Global Professional Revenue	149.56M	149.59M	153.08M
Global Professional Revenue Growth	-0.02%	-2.28%	3.50%
International Segment Revenue	188.90M	201.40M	200.46M
International Segment Revenue Growth	-6.21%	0.47%	6.67%
Other Segment Revenue	-51.00K	-2.79M	-107.00K
Revenue (Other)	-1.00K	1,000.00	2.00K
Revenue (Total)	2.11B	2.10B	1.96B
Revenue (Total) Growth	0.52%	7.18%	0.65%

Revenue by Geography

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
United States Revenue	1.93B	1.90B	1.75B
United States Revenue Growth	1.80%	8.07%	0.22%
International Revenue	181.79M	204.84M	205.66M
International Revenue Growth	-11.25%	-0.40%	4.52%
Revenue (Other)	-1.00K	5.00K	5.00K
Revenue (Total)	2.11B	2.10B	1.96B
Revenue (Total) Growth	0.52%	7.18%	0.65%

Revenue Breakdown 2

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Re-Occurring Revenue	1.55B	1.46B	1.31B
Re-Occurring Revenue Growth	6.70%	10.82%	7.52%
Transactional Revenue	557.84M	644.46M	645.93M
Transactional Revenue Growth	-13.44%	-0.23%	-10.93%
Revenue (Total)	2.11B	2.10B	1.96B
Revenue (Total) Growth	0.52%	7.18%	0.65%

Revenue Breakdown 3

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Digital Revenue	1.44B	1.36B	1.26B
Digital Revenue Growth	6.08%	8.28%	9.43%
Print Revenue	670.38M	741.97M	705.14M
Print Revenue Growth	-9.65%	5.22%	-11.92%
Revenue (Total)	2.11B	2.10B	1.96B
Revenue (Total) Growth	0.52%	7.18%	0.65%

Adjusted EBITDA

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
K-12 Adjusted EBITDA	281.23M	305.33M	291.37M
K-12 Adjusted EBITDA Growth	-7.90%	4.79%	-4.25%
Higher Education Adjusted EBITDA	392.61M	350.86M	290.23M
Higher Education Adjusted EBITDA Growth	11.90%	20.89%	18.68%
Global Professional Adjusted EBITDA	45.62M	45.11M	43.40M
Global Professional Adjusted EBITDA Growth	1.14%	3.92%	10.24%
International Segment Adjusted EBITDA	23.86M	35.74M	30.93M
International Segment Adjusted EBITDA Growth	-33.26%	15.57%	28.56%
Other Segment Adjusted EBITDA	2.03M	-10.25M	693.00K
Other Segment Adjusted EBITDA Growth	-	-	-87.75%
Operating Income (Total)	310.91M	306.81M	155.30M
Operating Income (Total) Growth	1.34%	97.56%	-

Key Performance Indicators

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Higher Education - Annual Net Dollar Retention (NDR)	-	110.00%	110.00%
Global Professional - Annual Net Dollar Retention (NDR)	-	105.00%	103.00%
Current - Remaining Performance Obligations (RPO)	813.15M	794.03M	736.43M
Current - Remaining Performance Obligations (RPO) Growth	2.41%	7.82%	-
Non-Current - Remaining Performance Obligations (RPO)	883.66M	882.16M	774.64M
Non-Current - Remaining Performance Obligations (RPO) Growth	0.17%	13.88%	-
K-12 - Remaining Performance Obligations (RPO)	1.33B	1.28B	1.12B
K-12 - Remaining Performance Obligations (RPO) Growth	4.32%	14.04%	-
Higher Education - Remaining Performance Obligations (RPO)	253.69M	297.32M	295.24M
Higher Education - Remaining Performance Obligations (RPO) Growth	-14.67%	0.70%	-
Global Professional - Remaining Performance Obligations (RPO)	72.25M	62.35M	59.71M
Global Professional - Remaining Performance Obligations (RPO) Growth	15.88%	4.42%	-
International Segment - Remaining Performance Obligations (RPO)	35.47M	33.41M	33.17M
International Segment - Remaining Performance Obligations (RPO) Growth	6.17%	0.72%	-
Other Segment - Remaining Performance Obligations (RPO)	520.00K	3.53M	927.00K
Other Segment - Remaining Performance Obligations (RPO) Growth	-85.27%	280.91%	-
Total Remaining Performance Obligations (RPO)	1.70B	1.68B	1.51B
Total Remaining Performance Obligations (RPO) Growth	1.23%	10.93%	-

Updated Feb 11, 2026. Data Source: Fiscal.ai.